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March 23, 2018updated 26 Mar 2018 3:22pm

Jolywood and Golden Invest partner for solar projects in Australia

China-based Jolywood (Taizhou) Solar Technology (Jolywood) has signed a cooperation agreement with the Australian solar company Golden Invest in order to develop solar projects in Australia.

China-based Jolywood (Taizhou) Solar Technology (Jolywood) has signed a cooperation agreement with the Australian solar company Golden Invest in order to develop solar projects in Australia.

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The Chinese firm is involved in the research, development and mass production of N-type bifacial solar cells, which will now be offered to local energy projects.

The deal will see Golden Invest develop power projects with a total capacity of 100MW in Australia by using Jolywood manufactured and supplied N-type bifacial solar modules.

The company noted that the N-type Bifacial Solar Cells bolster stronger resistance to LID, maintain better performance under weak illumination, and have a lower cost compared to other options such as P-type modules.

Jolywood Overseas Sales general manager Cao Xiaorong said: “We are thrilled to work with Golden Invest, which has rich experience in developing solar power projects in Australia.

“This partnership is yet another recognition of the quality and value of our N-type bifacial solar products from a global company.”

It is reported that the first project jointly completed by the companies in Renmark, South Australia, generates 248kW of electricity using Jolywood’s N-type bifacial solar cells.

“The first project jointly completed by the companies in Renmark, South Australia, generates 248kW of electricity.”

The modules offer high efficiency with longer power generation time and better performance in weak light condition based on the actual amount of power generated and other performance data.

Xiaorong further added: “We hope, through more global cooperation opportunities, that we can help more communities and people build a greener future.”

Last year, Jolywood signed a distribution agreement with IMI Industry in Thailand.

In addition to the new agreement, the company has just entered a business partnership with Solar Systems from Ukraine.

Golden Invest is an engineering procurement construction (EPC) company that also invests and develops solar energy and energy storage in Australia.

By the end of last year, Golden Invest general manager Mark Yates successfully accomplished the development, design, and installation of projects delivering a combined capacity of 200MW.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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